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$455,000 Sold Price

$469,900Asking Price

#2 - 242 Penetanguishene Road, Barrie, ON L4M 7C2 #2

Grove East, Barrie

Condo Townhouse
4
Bedrooms
4
Baths
1
Parking
Days on Market

Incredible turnkey investment opportunity in one of Barrie's most desirable rental communities welcome to Georgian Towns. This fully furnished, purpose-built townhouse is perfectly designed for student and professional tenants, located just minutes from both Georgian College and Royal Victoria Hospital. Offering exceptional cash flow potential, this low-maintenance property features four generously sized bedrooms, each with its own private ensuite bathroom a rare and highly sought-after layout that ensures privacy and appeal to renters.The main level offers a spacious, open-concept living area complete with a modern kitchen featuring quartz countertops, two stainless steel fridges, stainless steel appliances, and a large shared living room ideal for comfortable co-living. Shared in-unit laundry adds convenience for all occupants. One dedicated outdoor parking space is included, with ample visitor parking available for guests.Whether you're looking to house hack or expand your investment portfolio, this is a rare opportunity to own a purpose-built income property thats ready to generate revenue from day one. With each bedroom renting for approximately $1,000/month, the numbers speak for themselves. Dont miss out on this high-demand rental in a prime location!

Incredible turnkey investment opportunity in one of Barrie's most desirable rental communities welcome to Georgian Towns. This fully furnished, purpose-built townhouse is perfectly designed for student and professional tenants, located just minutes from both Georgian College and Royal Victoria Hospital. Offering exceptional cash flow potential, this low-maintenance property features four generously sized bedrooms, each with its own private ensuite bathroom a rare and highly sought-after layout that ensures privacy and appeal to renters.The main level offers a spacious, open-concept living area complete with a modern kitchen featuring quartz countertops, two stainless steel fridges, stainless steel appliances, and a large shared living room ideal for comfortable co-living. Shared in-unit laundry adds convenience for all occupants. One dedicated outdoor parking space is included, with ample visitor parking available for guests.Whether you're looking to house hack or expand your investment portfolio, this is a rare opportunity to own a purpose-built income property thats ready to generate revenue from day one. With each bedroom renting for approximately $1,000/month, the numbers speak for themselves. Dont miss out on this high-demand rental in a prime location!

Key Info

  • Other Condo Townhouse
  • 1 Parking
  • No Garage
  • North Of Grove Street East
  • 1400-1599 Approximate Sq Feet
  • Newly Built
  • North-South Exposure
  • No Balcony
  • Ensuite Laundry
  • No Locker
  • Forced Air Gas Heating
  • Central Air

Property

  • $428 Monthly Condo Fees
  • Includes: Common Elements, Building Insurance, Parking.
  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C
  • Amenities: Visitor Parking
  • Taxes were $3,410 in 2025
  • Possession: Flexible

Details

  • Brick Exterior
  • No Fireplace
  • 1 Kitchen
  • Designation: Other
  •  
  • Condo Corporation #420
  • Condo Registry Office: SSCC
  • MLS #S12175959
  • KELLER WILLIAMS EXPERIENCE REALTY

Extras

Room Floor Dimensions Details
1 Kitchen Main 13.45' x 8.86' Quartz Counter, Stainless Steel Appliances, Laminate
Washroom4 3-Piece Bathrooms

Who lives here?

Grove East, Barrie is a north GTA neighbourhood notable for its singles, renters and salespeople. Residents tend to be younger with a significant number of youth aged 15 to 24 and adults aged 25 to 34.

Families

Kids Per Family

1.2

kids per family
in the neighbourhood.

Barrie  (1.2)

Singles

54% of residents are
single and loving it.

54% singles

Barrie (46%)

Renters

33% of residents
are renters.

33% renters

Barrie (30%)

Education

22% of residents are
university grads.

22% university grads

Barrie (23%)

Income

Average Household Income

$97K

is the average household
income in the neighbourhood.

Barrie  ($110K)

Professions

Professions

Sales 20%
Trades 10%
Government 8%
Business 8%
Management 5%

Immigrants

12% of residents were
born outside of Canada.

12% immigrants

Barrie (13%)

Birthplace - All

UK was once home to 2.5% of immigrants.
Caribbean 1.5%
India 1.0%
Jamaica 1.0%
Vietnam 0.9%

2.5% from UK
All-time

Birthplace - Recent

Jamaica was once home to 0.3% of immigrants.
Vietnam 0.2%
India 0.2%
UK 0.1%
Iran 0.1%

0.3% from Jamaica
Recent

Foreign Languages

Foreign Languages

Mandarin 2%
French 2%
Punjabi 1%
Spanish 1%
Hindi 1%

Religions

Religions

Christian 62%
Muslim 1%